Wameja is a publicly quoted vehicle for investment in the HomeSend JV with Mastercard; its H1 results reveal a much reduced cost base and strong net cash position. H1 2020 has seen a notable increase in volume of traffic across the HS platform on the back of a raft of recent (mostly bank) implementations. In Q2, the Gross Value Flow over the platform jumped 93% QoQ, while the Average Transaction Value rose an impressive 9% QoQ. Although due to particular reasons the growth in this last quarte
01 Sep 2020
Wameja - Interims show low cost base and cash reserves
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Wameja - Interims show low cost base and cash reserves
- Published:
01 Sep 2020 -
Author:
Andrew Darley | Cavendish Research -
Pages:
12
Wameja is a publicly quoted vehicle for investment in the HomeSend JV with Mastercard; its H1 results reveal a much reduced cost base and strong net cash position. H1 2020 has seen a notable increase in volume of traffic across the HS platform on the back of a raft of recent (mostly bank) implementations. In Q2, the Gross Value Flow over the platform jumped 93% QoQ, while the Average Transaction Value rose an impressive 9% QoQ. Although due to particular reasons the growth in this last quarte